mmitech I thought bitcoin was initially set up not for gambling or volatility but to protect hard earned money of investors which was losing its worth due to lose monetary policies of Central banks worldwide. Now everything has turned into a gamble either its stock market, forex market, futures market or bitcoins. I am really tired of short term investors
bitcoin is not a short term investment, on every stock market there is the temporary riders that jumps in and out collecting some profits but the long term strategy always win... if you knew about bitcoin 2009 and if you would invest only $100 into bitcoin you would be a multi-millionaire today.
the network security is something else, and this is what we are discussing in this thread, you have GHash.IO constantly adding power you also have BTCguild with the same amount of power
what I don't understand is how miners keep joining BTCguild when they have many other pools with lower hashrate, some even join the private pool GHash.IO !!!!